Mu Feng Looks at Trends: 5.13 Bitcoin/Ethereum Market Analysis with Trading Suggestions

Bitcoin/Ethereum daily level currently shows an overbought signal in the high KDJ, the three-line indicator is under pressure, and the MACD short-term bullish has begun to decrease in volume. The BOLL is continuously opening, and now we are looking at the depth of the adjustment. The duration and depth of this adjustment will determine the height of the subsequent rally. From the 12-hour level, the current KDJ shows a death cross at a high level, the MACD bullish continues to decrease in volume, and the BOLL is still continuously opening upwards. It is likely that there is a chance to test the lower support of the downward middle track. Now the MA5 moving average has also shown a downward turn. From a weekly perspective, this adjustment has not yet ended because the gap has not completed a substantive technical repair. Personally, I expect the market today to continue to show a fluctuating downward trend. In terms of operations, continue to short on rebounds, specific points can refer to:

BTC: 103200-104000 short, target 100700

ETH: Short near 2490-2530, target 2410

The above is my personal trading suggestion for the day. The market changes rapidly, and this article has a certain lag. Specific operations should be based on real-time guidance. If there is anything you don't understand, feel free to consult.